J&K Bank posts 7.45% YoY rise in PBT; strong deposit growth and lower NPAs offset margin pressure in Q1 FY26.

• Net interest income grew 7% YoY; NIM fell to 3.72% due to repo rate cuts impacting the margin environment.
• Gross NPA ratio declined to 3.50%; CASA ratio dipped to 45.71%, while total deposits rose 12.05% YoY.
• Profit impacted by ₹87 crore one-time provision; normalized growth would exceed 30% YoY, says CEO Chatterjee.